Vornado Realty Trust splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was New York at $1.5 billion, 82% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Rental Revenue at $1.6 billion, 86% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1,829
|
1,810
|
1,788
|
1,811
|
1,800
|
1,589
|
1,528
|
1,925
|
2,164
|
—
|
—
|
| Operating segments | |||||||||||
| New York |
1,503
+1.8%
share 82.2%
|
1,477
+0.3%
share 81.6%
|
1,472
+1.4%
share 82.3%
|
1,452
+0.2%
share 80.2%
|
1,449
+15.3%
share 80.5%
|
1,258
+2.9%
share 79.1%
|
1,222
-22.6%
share 80.0%
|
1,578
-14.1%
share 82.0%
|
1,836
+3.2%
share 84.9%
|
1,779
|
—
|
| Other |
326
-0.4%
share 17.8%
|
334
+5.8%
share 18.4%
|
316
-12.1%
share 17.7%
|
359
+2.4%
share 19.8%
|
351
+5.7%
share 19.5%
|
332
+8.3%
share 20.9%
|
306
-11.7%
share 20.0%
|
347
+5.8%
share 18.0%
|
328
+7.5%
share 15.1%
|
305
|
—
|
| Sales mix | |||||||||||
| Rental Revenue |
1,575
+0.2%
share 86.2%
|
1,558
-0.7%
share 86.1%
|
1,569
-2.4%
share 87.8%
|
1,607
-0.0%
share 88.8%
|
1,608
+12.9%
share 89.3%
|
1,425
+3.4%
share 89.6%
|
1,378
-22.0%
share 90.2%
|
1,767
-12.0%
share 91.8%
|
2,007
+3.0%
share 92.8%
|
1,948
|
—
|
| Building Maintenance Service |
156
+5.1%
share 8.6%
|
158
+5.7%
share 8.7%
|
149
+5.1%
share 8.3%
|
142
+3.1%
share 7.8%
|
138
+14.9%
share 7.6%
|
120
+13.5%
share 7.5%
|
106
-15.4%
share 6.9%
|
125
+3.6%
share 6.5%
|
120
+15.6%
share 5.6%
|
104
|
—
|
| Product And Service Other |
86
+21.0%
share 4.7%
|
83
+50.9%
share 4.6%
|
55
+12.9%
share 3.1%
|
49
+11.7%
share 2.7%
|
44
+31.4%
share 2.4%
|
33
+30.8%
share 2.1%
|
25
+31.7%
share 1.7%
|
19
-15.2%
share 1.0%
|
23
+5.5%
share 1.0%
|
22
|
—
|
| Tenant Services |
47
+10.0%
share 2.6%
|
45
+8.9%
share 2.5%
|
42
-2.1%
share 2.3%
|
42
-6.1%
share 2.3%
|
45
+20.7%
share 2.5%
|
37
+9.4%
share 2.4%
|
34
-27.9%
share 2.2%
|
48
-11.9%
share 2.5%
|
54
-0.2%
share 2.5%
|
54
|
—
|
| Parking Revenue |
21
+5.8%
share 1.1%
|
20
+5.8%
share 1.1%
|
19
-5.6%
share 1.1%
|
20
+6.3%
share 1.1%
|
19
+43.1%
share 1.1%
|
13
share 0.8%
|
—
|
—
|
—
|
—
|
—
|
| Management And Leasing Fees |
11
-3.0%
share 0.6%
|
12
-21.2%
share 0.6%
|
15
+12.6%
share 0.8%
|
13
+18.1%
share 0.7%
|
11
-5.9%
share 0.6%
|
12
-39.6%
share 0.7%
|
19
+43.4%
share 1.3%
|
14
+1.6%
share 0.7%
|
13
+32.1%
share 0.6%
|
10
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- VNO (NYSE), VNORP (OTC), VNO-PL (NYSE), VNO-PM (NYSE), VNO-PN (NYSE), VNO-PO (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 899689
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.